Reserve Bank of New Zealand Raises Cash Rate to 3.5%

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand on Thursday raised interest rates for the fourth time this year but signaled it wouldn't introduce further increases until the impact of the latest hike has been assessed. The economy appears to be ...

Brazil Sells $3.5 Billion 30-Year Bonds -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Rogerio Jelmayer SÃO PAULO--Brazil's government on Wednesday tapped the global debt market, issuing $3.5 billion in new bonds maturing in January 2045, and announced the buyback of shorter-dated global bonds to whittle down the country's debt-service costs. The new ...

HSBC China Flash Manufacturing PMI Rises in July

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity rose to an 18-month high in July, suggesting Beijing's efforts to stimulate growth are paying off. The preliminary HSBC China Manufacturing Purchasing Managers" Index, a gauge of nationwide manufacturing activity, rose to 52.0, ...

Japan Exports Fall 2.0% on Year in June

TODAY: July 24, 2014 PUB DATE: July 24, 2014

TOKYO--Japan's run of monthly trade deficits reached the two-year mark in June as export growth continued to be sluggish while imports remained stubbornly high, reinforcing the view that the deficits are here to stay for the once powerful exporter nation. ...

Singapore Central Bank Says Too Early to Ease Property Cooling Steps

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By P.R. Venkat SINGAPORE--Singapore's central bank said Thursday that recent property-sector cooling steps were working but it was too early to ease those measures as real-estate prices remained at elevated levels. "Risk factors have not changed," Monetary Authority Of Singapore ...

Moody's Cools Australia Housing Fears

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By James Glynn SYDNEY--Despite sharp gains in Australian house prices over the past year fanned by record-low interest rates, Moody's Analytics said that prices are overvalued only in some states, not across the country as a whole. In a report ...

South Korea GDP Expands 0.6% in 2nd Quarter

TODAY: July 24, 2014 PUB DATE: July 24, 2014

SEOUL--South Korea's economic growth slowed in the second quarter to its weakest in more than a year on sluggish consumer spending in Asia's fourth-largest economy. Gross domestic product rose a seasonally adjusted 0.6% in the April-June period from the previous ...

Australia Tugboat Union Votes for Iron-Ore Port Stoppages

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Stephen Bell PERTH, Australia--Tugboat workers at Australia's biggest iron-ore port have voted to take industrial action, including work stoppages, raising the prospect of disruptions to exports of the steelmaking ingredient by BHP Billiton Ltd. (BHP) and several other mining ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...

South Korea GDP Expands 0.6% in 2nd Quarter

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By Kwanwoo Jun SEOUL--South Korea's economic growth slowed in the second quarter to its weakest in more than a year on sluggish consumer spending in Asia's fourth-largest economy. Gross domestic product rose a seasonally adjusted 0.6% in the April-June period ...

HSBC China Flash Manufacturing PMI Rises to 52.0 in July -- Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity rose to an 18-month high in July, suggesting Beijing's efforts to stimulate growth are paying off. The preliminary HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to 52.0, ...

Hunt for Missing IRS Emails Resumes

TODAY: July 24, 2014 PUB DATE: July 24, 2014

By John D. McKinnon WASHINGTON--The inspector general for the Internal Revenue Service is reviewing some agency computer backup tapes to find out whether missing emails are still recoverable, Commissioner John Koskinen said at a congressional hearing Wednesday. Mr. Koskinen's comments ...

Singapore Central Bank Says Early to Ease Property Cooling

TODAY: July 24, 2014 PUB DATE: July 24, 2014

SINGAPORE--Singapore's central bank said Thursday that recent property-sector cooling steps were working but it was too early to ease those measures as real-estate prices remained at elevated levels. "Risk factors have not changed," Monetary Authority Of Singapore Managing Director Ravi ...

HSBC China Flash Manufacturing PMI Rises to 52.0 in July -- 2nd Update

TODAY: July 24, 2014 PUB DATE: July 24, 2014

BEIJING--A preliminary gauge of Chinese manufacturing activity reached an 18-month high in July, in a sign that Beijing's efforts to stimulate the economy are having an impact. The HSBC preliminary, or flash, manufacturing Purchasing Managers' Index rose to 52 in ...

EU Toughens Sanctions on Russia

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Naftali Bendavid and Matthew Dalton BRUSSELS--European Union foreign ministers on Tuesday toughened sanctions on Russia following the crash of Malaysia Airlines Flight 17 in eastern Ukraine, but they avoided adopting an immediate broad arms embargo, suggesting a split over ...

Australian Inflation Meets Expectations

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By James Glynn SYDNEY--Australian consumer prices rose 0.5% in the second quarter from the first and were up 3.0% from a year earlier, the Australian Bureau of Statistics said Wednesday. The numbers were precisely in line with economist estimates ahead ...

LONDON MARKETS: U.K. Stocks Edge Up After BOE Minutes; BHP Advances

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Carla Mozee, MarketWatch LONDON (MarketWatch) -- U.K. stocks nudged slightly higher Wednesday after minutes from the Bank of England's July meeting showed policy makers unanimously voted to hold interest rates unchanged, and miner BHP Billiton PLC advanced after a ...

Flat Oil Prices Reflect Mixed Signals

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Cassie Werber Crude-oil futures trundled along Wednesday, pushed and pulled by different factors, none of which seemed able to make a decisive impact on the price. High demand in the U.S., which has been supporting prices there, looked to ...

Singapore June CPI Rise Slows on Easing Car-Price Growth

TODAY: July 24, 2014 PUB DATE: July 23, 2014

By Chun Han Wong SINGAPORE--Singapore's consumer prices rose at a slower-than-expected pace in June mainly owing to decelerating growth in car prices. The consumer price index rose 1.8% year over year compared with a median estimate of 2.6% rise in ...